Is Ashish Polyplast overvalued or undervalued?

As of 3 November 2025, the valuation grade for Ashish Polyplast has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently deemed overvalued based on its high PE ratio of 40.43, an EV to EBIT of 12.13, and a ROE of 4.47%. In comparison to its peers, Ashish Polyplast's valuation stands out; for instance, Finolex Industries has a PE ratio of 29.41 and is considered fairly valued, while Supreme Industries is classified as very expensive with a PE of 58.8.
The company's financial metrics suggest that it is trading at a premium relative to its earnings potential, especially when compared to peers in the same industry. Notably, Ashish Polyplast has underperformed against the Sensex over the past year, with a stock return of -33.78% compared to the Sensex's 5.34%. This performance, coupled with its current valuation metrics, reinforces the conclusion that Ashish Polyplast is overvalued in the current market environment.